Prudential Public Limited Company (PUK) Downgraded by Zacks Investment Research to Hold

Prudential Public Limited Company (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, June 10th.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

A number of other equities analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) cut shares of Prudential Public Limited Company from a “conviction-buy” rating to a “buy” rating in a research note on Monday, May 8th. J P Morgan Chase & Co raised shares of Prudential Public Limited Company from an “underweight” rating to a “neutral” rating in a research note on Friday, March 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Prudential Public Limited Company presently has an average rating of “Buy” and an average target price of $46.70.

Analyst Recommendations for Prudential Public Limited Company (NYSE:PUK)

Prudential Public Limited Company (NYSE:PUK) traded up 1.37% on Friday, reaching $46.04. The company had a trading volume of 448,110 shares. Prudential Public Limited Company has a 12-month low of $29.14 and a 12-month high of $46.08. The stock has a market capitalization of $59.17 billion, a PE ratio of 23.95 and a beta of 1.61. The stock’s 50 day moving average price is $45.34 and its 200-day moving average price is $41.81.

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Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in Prudential Public Limited Company by 52.0% in the first quarter. Wells Fargo & Company MN now owns 2,496,593 shares of the financial services provider’s stock valued at $105,755,000 after buying an additional 853,651 shares in the last quarter. Scout Investments Inc. raised its stake in Prudential Public Limited Company by 128.0% in the first quarter. Scout Investments Inc. now owns 953,686 shares of the financial services provider’s stock valued at $35,477,000 after buying an additional 535,453 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Prudential Public Limited Company during the first quarter valued at approximately $13,836,000. Bank of America Corp DE raised its stake in Prudential Public Limited Company by 5.8% in the first quarter. Bank of America Corp DE now owns 3,500,335 shares of the financial services provider’s stock valued at $148,274,000 after buying an additional 190,380 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Prudential Public Limited Company by 14.4% in the first quarter. Parametric Portfolio Associates LLC now owns 941,126 shares of the financial services provider’s stock valued at $39,866,000 after buying an additional 118,204 shares in the last quarter. Institutional investors and hedge funds own 1.71% of the company’s stock.

Prudential Public Limited Company Company Profile

Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.

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